Glen Burnie Bancorp (NASDAQ:GLBZ) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

by · The Markets Daily

Glen Burnie Bancorp (NASDAQ:GLBZ – Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.61 and traded as low as $4.31. Glen Burnie Bancorp shares last traded at $4.31, with a volume of 29,301 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Glen Burnie Bancorp in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Glen Burnie Bancorp currently has a consensus rating of “Sell”.

View Our Latest Analysis on Glen Burnie Bancorp

Glen Burnie Bancorp Price Performance

The stock has a market capitalization of $12.91 million, a P/E ratio of 442.44 and a beta of 0.21. The stock’s fifty day moving average is $4.51 and its 200-day moving average is $4.61.

Glen Burnie Bancorp (NASDAQ:GLBZ – Get Free Report) last posted its earnings results on Monday, November 3rd. The financial services provider reported $0.04 earnings per share for the quarter. Glen Burnie Bancorp had a return on equity of 0.14% and a net margin of 0.16%.The company had revenue of $3.02 million for the quarter.

Institutional Investors Weigh In On Glen Burnie Bancorp

An institutional investor recently raised its stake in Glen Burnie Bancorp stock. Alliancebernstein L.P. raised its stake in shares of Glen Burnie Bancorp (NASDAQ:GLBZ – Free Report) by 4.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 208,359 shares of the financial services provider’s stock after purchasing an additional 9,501 shares during the period. Alliancebernstein L.P. owned 7.18% of Glen Burnie Bancorp worth $969,000 as of its most recent SEC filing. Institutional investors and hedge funds own 9.78% of the company’s stock.

Glen Burnie Bancorp Company Profile

(Get Free Report)

Glen Burnie Bancorp operates as the bank holding company for The Bank of Glen Burnie that provides commercial and retail banking services to individuals, associations, partnerships, and corporations. The company offers savings accounts, money market deposit accounts, demand deposit accounts, NOW checking accounts, IRA and SEP accounts, and certificates of deposit.

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